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UK hit by EU’s €2 bn bill for “repeatedly ignoring warnings” over trouser tax fraud.

The UK is facing a €1.98 bn bill from the EU for “repeatedly ignoring warnings”  of tax frauds on imported Chinese shoes and apparel. The case highlights grave systemic complications in Britain’s handling of trade which threaten to complicate further its preparations for leaving the EU.

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Dutch election result undermines fears of imminent EU collapse

Results of the March 15 election for the Dutch House of Representatives seem to kill worries the EU is about to collapse. But, though those worries have never had any real justification,  the Dutch election still emphasises the declining support in mature democracies for some traditional policies.

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Wilbur Ross, sceptical about border taxes, outlines priorities for NAFTA renegotiation

Commerce Secretary Wilbur Ross, in a March 3 interview, offered insights into general trade priorities and his priorities for the NAFTA renegotiation.

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Mexico says “we’ll quit NAFTA if Trump makes unreasonable demands”

Mexico’s top trade negotiator said in an interview published on February 27 that he would walk away from the table if US negotiators threatened 20% duties on cars.

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US 2016 apparel imports fall in spite of year-end spurt. Price falls accelerated

US apparel imports (in square metres) grew 3.4% in December 2016 over December 2015, though falls in the previous six months a 2016 annual fall of 1.1%.

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